INTELLEX Co.,Ltd. Stock Forecast
INTELLEX Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The INTELLEX Co.,Ltd. stock price fell by -1.20% on the last day (Thursday, 25th Apr 2024) from JP¥584.00 to JP¥577.00. During the last trading day the stock fluctuated 1.91% from a day low at JP¥576.00 to a day high of JP¥587.00. The price has fallen in 6 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately JP¥2.71 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥559.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.01% during the next 3 months and, with a 90% probability hold a price between JP¥604.08 and JP¥703.17 at the end of this 3-month period.
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8940.T Signals & Forecast
There are few to no technical positive signals at the moment. The INTELLEX Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥584.71 and JP¥590.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -5.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for INTELLEX Co.,Ltd. stock
INTELLEX Co.,Ltd. finds support from accumulated volume at JP¥575.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥11.00 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: JP¥552.16 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (8940.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect INTELLEX Co.,Ltd. to open at JP¥580.00, and during the day (based on 14 day Average True Range), to move between JP¥563.71 and JP¥590.29, which gives a possible trading interval of +/-JP¥13.29 (+/-2.30%) up or down from last closing price. If INTELLEX Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥575.00 (0.35%) than the resistance at JP¥581.00 (0.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is INTELLEX Co.,Ltd. stock A Buy?
INTELLEX Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.027 Hold/Accumulate Upgraded
Predicted Opening Price for INTELLEX Co.,Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥580.00 ( 0.520%) | JP¥577.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8940.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 591.00 | 2.43 % | |
| R2 | 586.80 | 1.70 % | ||
| R1 | 584.20 | 1.25 % | ||
| Current price: | 577.00 | |||
| Support | S1 | 575.80 | -0.208 % | |
| S2 | 573.20 | -0.658 % | ||
| S3 | 569.00 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 598.00 | 3.64 % | |
| R2 | 591.00 | 2.43 % | ||
| R1 | 581.00 | 0.693 % | ||
| Current price | 577.00 | |||
| Support | S1 | 575.00 | -0.347% | |
| S2 | 571.00 | -1.04% | ||
| S3 | 549.00 | -4.85% |
8940 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | JP¥0 | 0% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥9.00 | 1.65% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥9.00 | 1.66% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥13.00 | 2.11% |
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